Solana Tests Key Downtrend as Analysts Point to a Potential Move Toward the $170 Recovery Zone

Solana tests its downtrend as analysts track a potential +25% move toward the $170 recovery zone.

Charts show higher lows forming, while traders watch key levels at $145 and $155 for continuation.

SOL strength grows as ETFs post 20 days of inflows, adding over $568M since late October.

Solana shows early signs of recovery as the market tests the downward trendline that has guided price since late October. The structure now points toward a possible move into a projected zone above $170. This area signals a potential +25% recovery rally if current momentum continues. At the time of writing, Solana was trading at $137.

SOL Tests Trendline as Recovery Structure Builds

The 2 hour chart records a clear downward pattern with steady lower highs and lower lows through late November. The market reached a mid-November low before forming a measured rise toward the descending trendline. The current test occurs with higher lows and steady upward pressure, which keeps price above recent support levels.

According to an analysis prepared by Captain Faibik, the projected recovery block sits above $170. The chart shows a clean move from the $135 zone toward this block, which marks a potential 25% advance. The structure shows clear rhythm in each swing, and the market keeps trading above the recovery base.

Source: DaanCryptoTrades(X)

Daan Crypto Trades noted that Solana sits at high-timeframe support and said, “If it can get back above $145, the $155 area would be next.” His chart shows a broad support zone near $130, where price formed a clear reaction. The visible range profile records strong activity between $140 and $165 as SOL moves toward this area with controlled intraday action.

ETF Inflows Add Support to Current Market Conditions

Solana ETFs extended their strong inflow streak. Spot Solana ETFs recorded $58 million on November 24, marking 20 straight days of inflows. Total inflows reached $568 million since their launch in late October, according to SoSoValue data. Institutions continued to add exposure as Bitwise led with $39.5 million in new capital.

Franklin Templeton also expanded its crypto index fund and added assets including Solana. A recent SEC filing confirmed the changes, and the update will begin on December 1, 2025. ETF demand increased again on November 25 with $53.08 million in new inflows

This maintained the longest streak for any major crypto ETF in 2025. The chart shows SOL trading above support as it approaches the resistance area near $155, while the broader structure continues to support the +25% recovery setup.

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